No new taxes in upcoming Budget, says Tarin
The government would not impose new taxes in the budget but rationalise the existing taxation system and widen its base, the Adviser to Prime Minister on Finance, Shaukat Tarin, said on Saturday more... (D)

SECP proposes cut in companies' income tax rate
The Securities and Exchange Commission of Pakistan (SECP) has proposed reduction in tax rates for companies from 35 percent to 30 percent in the 2009-10 budget more... (BR)

Rs two billion shortfall likely in June PDL
The government will face a shortfall of Rs 2 billion in petroleum development levy (PDL) in June due to increase in global oil prices. The government has decided to keep oil prices unchanged for the month of June, projecting Rs 12 billion PDL, against Rs 14 billion during May, with a shortfall of Rs 2 billion due to increase in global oil prices more... (BR)

Iran shuts its border with Pakistan
The Iranian move has caused suspension of trade in the area resulting in food shortages for tribesmen on both sides more... (D)

'Swat operation achieved almost complete success'
Pakistan is confident its nuclear assets will not fall into militant hands because it is constantly reviewing security and getting help from friendly countries, a senior defence official said on Sunday. As Pakistan battles a Taliban insurgency, reports in the US media have raised the nightmare scenario of its nuclear weapons falling into militant hands more... (BR)

Obama seeks new start with Muslim world
President Barack Obama will journey to the center of Arab-Muslim civilisation this week, to begin the daunting task of draining deep mistrust of the United States felt across the Islamic world. In Egypt on Thursday, Obama will make a personal address to the world's Muslims, harnessing his own ancestral ties to Islam and globalizing his message of change in an speech rich in trademark political ambition more... (BR)

KSE directed to establish unified trading platform
The Competition Commission of Pakistan (CCP) has directed Karachi Stock Exchange (KSE) to establish a Singular Unified Trading Platform for the central execution of the trading orders of all the stock exchanges within six months period more... (BR)

PTCL providing low cost communication facilities
The Senior Executive Vice President Pakistan Tele-Communication Limited (PTCL), Mazhar Hussain has said that his organisation was providing latest and low cost communication facilities to the people in addition to providing best perks and privileges to its employees more... (BR)

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